Nigeria Naira has continued slide further against the dollar against the Dollar, exchanging at deep as N1,155 at the parallel market.
On Thursday, the naira traded at between N1,150 and N1,155/dollar at the unregulated markets, also known black market, in Lagos and Abuja.
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At the official Investors & Exporters (I&E Window), it had earlier traded at N986 before closing at N782.68.
On Peer2Peer exchange platform like Binance, Dollar exchanges between N1,160 to N1,177 at Friday, October 20, morning.
The organised private sector and other stakeholders said as the naira weakened further, manufacturers and business owners were faced with severe challenges of increased import costs, high inflationary pressure, reduced profit margins and limited access to foreign markets.